Australia faces fuel shortages and price hikes as shipments face disruptions

Hundreds of Australian service stations are empty, fuel prices are high, and shipments are canceled due to Iran's Strait of Hormuz closure. The federal government has released fuel reserves, cut excise taxes, and implemented a national security plan to address the ongoing fuel crisis. Data shows a spike in outages in New South Wales and Victoria in late March, with a slight decline in tanker port calls in February and March.